Latest news with #Oman-Algeria
Muscat Daily
05-05-2025
- Business
- Muscat Daily
Multiple pacts inked to enhance Oman-Algeria bilateral cooperation
Algiers, Algeria – His Majesty Sultan Haitham bin Tarik and Algerian President Abdelmadjid Tebboune presided over the signing of multiple agreements on Monday aimed at strengthening bilateral cooperation across several sectors. The ceremony, held at the Presidential Palace in Algiers, saw the signing of a preliminary agreement, four memoranda of understanding, two cooperation MoUs and four executive programmes. A key outcome of His Majesty's visit was establishment of a joint Oman-Algeria Investment Fund worth US$300mn to be equally shared between the two countries. The agreement was signed between Oman Investment Authority and Algeria's Ministry of Finance. The fund will target investments in food security, pharmaceuticals, mining and other strategic sectors. In the mining sector, Minerals Development Oman and Algeria's National Company for Mineral Exploration and Production signed an MoU to promote cooperation in mining and related industries with a focus on knowledge transfer and sustainable development. Abraj Energy Services and Algeria's state-owned Sonatrach signed key terms for a joint venture based on a previously signed MoU. Earlier this year, the two parties agreed to develop vocational training in the oil and gas sector and build frameworks for technical and managerial skill development. In healthcare, Ministry of Health and Algeria's Ministry of Industry and Pharmaceutical Production signed an MoU to enhance cooperation in drug manufacturing, pharmacovigilance, scientific research and pharmaceutical investment. Ministry of Justice and Legal Affairs signed a cooperation agreement with Algeria's Ministry of Justice to expand collaboration in judicial matters, including training, sharing best practices and drafting international conventions, while Supreme Judiciary Council inked an MoU with Algeria's Ministry of Justice to support joint training, legal research and exchange of court rulings. Agricultural cooperation was formalised through an MoU between the Ministry of Agriculture, Fisheries and Water Resources and Algeria's Ministry of Agriculture, Rural Development and Fisheries focused on desert farming, agricultural biotechnology and food safety. An executive programme was activated to implement an existing MoU on plant protection and animal health enabling technical collaboration in quarantine procedures, seed production and phytosanitary standards. Oman Marine Science and Fisheries Centre and Algeria's National Centre for Research and Development of Fisheries and Aquaculture signed an executive programme to support cooperation in marine research, aquaculture and smart fishing technologies. An executive programme in education, stemming from a 2006 bilateral agreement, was signed to facilitate academic exchange, scholarships and collaborative research between institutions in both countries. Additionally, Ministry of Labour and Algeria's Ministry of Labour, Employment and Social Security signed an executive programme to strengthen cooperation in labour inspection, dispute resolution and training.
Muscat Daily
05-05-2025
- Business
- Muscat Daily
Oman and Algeria expand ties
Algiers, Algeria – An official reception ceremony was held for His Majesty Sultan Haitham bin Tarik at El Mouradia Presidential Palace in Algiers, led by President Abdelmadjid Tebboune, on Monday on the occasion of his state visit to Algeria. This was followed by a bilateral meeting and an official session of talks exploring opportunities for economic and investment cooperation between the two countries. Prior to these official engagements, His Majesty the Sultan visited the Memorial of the Martyr – Maqam E'chahid – and the National Museum of Moudjahid in Algiers. Joint communiqué At the conclusion of the state visit, a joint communiqué hailed the establishment of the Oman-Algeria Investment Fund aimed at financing joint projects and diversifying economic cooperation between the two countries. The two leaders described their talks as constructive, reflecting the deep historical and cultural ties between Oman and Algeria. Both sides reaffirmed their commitment to strengthening cooperation across various sectors. They noted significant progress since President Tebboune's visit to Muscat in October 2024. The two leaders called for faster implementation of ongoing discussions in areas such as automotive manufacturing and labour cooperation. Efforts to boost trade volumes and economic exchanges were discussed, with both sides encouraging greater engagement between public and private sector stakeholders. They referred to the outcomes of a business forum held in Algiers last June and Oman's upcoming participation as guest of honour at the 56th Algiers International Fair in June 2025. Algeria is also set to be the guest of honour at the Oman AgroFood Exhibition in December 2025. Several agreements and memoranda of understanding were signed during the visit, covering sectors such as investment, justice, fisheries, labour, energy and legal affairs. The two leaders praised the role of the Algerian community in Oman in strengthening people-to-people ties. They also exchanged views on regional and global developments, underscoring the need for greater coordination within the Arab League to confront common challenges. Addressing the ongoing war in Gaza, the leaders issued a joint condemnation of Israel's military campaign calling it a genocidal war responsible for unprecedented humanitarian devastation. They urged the international community, particularly the UN Security Council, to push for an immediate ceasefire and a just resolution based on a two-state solution with East Jerusalem as the Palestinian capital. At the end of the visit, His Majesty the Sultan thanked President Tebboune and the Algerian people for their warm hospitality and wished Algeria continued prosperity.
Muscat Daily
05-05-2025
- Business
- Muscat Daily
H M, Tebboune oversee signing of major bilateral agreements
Algiers, Algeria – His Majesty Sultan Haitham bin Tarik and Algerian President Abdelmadjid Tebboune presided over the signing of multiple agreements on Monday aimed at strengthening bilateral cooperation across several sectors. The ceremony, held at the Presidential Palace in Algiers, saw the signing of a preliminary agreement, four memoranda of understanding, two cooperation MoUs and four executive programmes. A key outcome of His Majesty's visit was establishment of a joint Oman-Algeria Investment Fund worth US$300mn to be equally shared between the two countries. The agreement was signed between Oman Investment Authority and Algeria's Ministry of Finance. The fund will target investments in food security, pharmaceuticals, mining and other strategic sectors. In the mining sector, Minerals Development Oman and Algeria's National Company for Mineral Exploration and Production signed an MoU to promote cooperation in mining and related industries with a focus on knowledge transfer and sustainable development. Abraj Energy Services and Algeria's state-owned Sonatrach signed key terms for a joint venture based on a previously signed MoU. Earlier this year, the two parties agreed to develop vocational training in the oil and gas sector and build frameworks for technical and managerial skill development. In healthcare, Ministry of Health and Algeria's Ministry of Industry and Pharmaceutical Production signed an MoU to enhance cooperation in drug manufacturing, pharmacovigilance, scientific research and pharmaceutical investment. Ministry of Justice and Legal Affairs signed a cooperation agreement with Algeria's Ministry of Justice to expand collaboration in judicial matters, including training, sharing best practices and drafting international conventions, while Supreme Judiciary Council inked an MoU with Algeria's Ministry of Justice to support joint training, legal research and exchange of court rulings. Agricultural cooperation was formalised through an MoU between the Ministry of Agriculture, Fisheries and Water Resources and Algeria's Ministry of Agriculture, Rural Development and Fisheries focused on desert farming, agricultural biotechnology and food safety. An executive programme was activated to implement an existing MoU on plant protection and animal health enabling technical collaboration in quarantine procedures, seed production and phytosanitary standards. Oman Marine Science and Fisheries Centre and Algeria's National Centre for Research and Development of Fisheries and Aquaculture signed an executive programme to support cooperation in marine research, aquaculture and smart fishing technologies. An executive programme in education, stemming from a 2006 bilateral agreement, was signed to facilitate academic exchange, scholarships and collaborative research between institutions in both countries. Additionally, Ministry of Labour and Algeria's Ministry of Labour, Employment and Social Security signed an executive programme to strengthen cooperation in labour inspection, dispute resolution and training.
